System1 (SST) Change in Receivables (2021 - 2026)
System1 (SST) reported Change in Receivables of -$4.0 million for Q1 2026, down 248.88% on a YoY basis from $2.7 million in Q1 2025, and down 211.01% sequentially from $3.6 million in Q4 2025.
System1 (SST) Change in Receivables (2021 - 2026) Analysis & Trends
System1 (SST) has 6 years of Change in Receivables data on file, last reported at -$4.0 million in Q1 2026.
- For the quarter ending Q1 2026, Change in Receivables fell 248.88% year-over-year to -$4.0 million; the trailing twelve-month figure through Mar 2026 stood at -$7.8 million (down 186.39% YoY), and the FY2025 full-year result was -$4.9 million, down 172.43% from the prior year.
- Change in Receivables retreated to -$4.0 million in Q1 2026, from $3.6 million in the prior quarter.
- In the past five years, Change in Receivables ranged from a high of $14.8 million in Q1 2022 to a low of -$15.9 million in Q3 2025.
- A 5-year average of -$1.6 million and a median of -$3.1 million in 2023 frame the typical range for Change in Receivables.
- Across the five-year window, Change in Receivables tumbled 341.02% in 2022 and soared 288.88% in 2024, its largest moves.
- Tracing SST's Change in Receivables over 5 years: stood at $2.1 million in 2022, then sank by 248.5% to -$3.1 million in 2023, then surged by 273.07% to $5.3 million in 2024, then plunged by 31.65% to $3.6 million in 2025, then plunged by 211.01% to -$4.0 million in 2026.
- Business Quant data shows SST's Change in Receivables at -$4.0 million in Q1 2026, $3.6 million in Q4 2025, and -$15.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.31 Bn | 81.12 Bn | 1.45 Bn | 56.46 Mn |
| 2 | Rentokil Initial | 73.75 Bn | 71.25 Bn | - | - |
| 3 | Relx | 60.28 Bn | 60.04 Bn | - | - |
| 4 | Thomson Reuters | 38.09 Bn | 37.23 Bn | - | - |
| 5 | Copart | 25.18 Bn | 21.85 Bn | 732.88 Mn | -67.52 Mn |
| 6 | Global Payments | 21.29 Bn | 16.10 Bn | 1.70 Bn | -44.18 Mn |
| 7 | Rb Global | 20.33 Bn | 20.14 Bn | 927.90 Mn | - |
| 8 | UL Solutions | 17.42 Bn | 17.18 Bn | 381.00 Mn | 87.00 Mn |
| 9 | Aramark | 15.00 Bn | 14.59 Bn | 426.39 Mn | -7.48 Mn |
| 10 | System1 | 14.56 Mn | -61.04 Mn | 23.37 Mn | -4.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -4.03 Mn |
| Mar 31, 2026 | -4.03 Mn |
| Dec 31, 2025 | 3.63 Mn |
| Dec 31, 2025 | 3.63 Mn |
| Sep 30, 2025 | -15.86 Mn |
| Sep 30, 2025 | -15.86 Mn |
| Jun 30, 2025 | 8.46 Mn |
| Jun 30, 2025 | 8.46 Mn |
| Mar 31, 2025 | -1.16 Mn |
| Mar 31, 2025 | -1.16 Mn |
| Dec 31, 2024 | 5.32 Mn |
| Dec 31, 2024 | 5.32 Mn |
| Sep 30, 2024 | -4.34 Mn |
| Sep 30, 2024 | -4.34 Mn |
| Jun 30, 2024 | 9.21 Mn |
| Jun 30, 2024 | 9.21 Mn |
| Mar 31, 2024 | -3.39 Mn |
| Mar 31, 2024 | -3.39 Mn |
| Dec 31, 2023 | -3.07 Mn |
| Dec 31, 2023 | -3.07 Mn |